Dec, 31, 2020 — FIRST SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in GROVEPORT, OH with 5 branch locations and about $189.40 million in total assets. Opened 65 years ago in 1956, FIRST SERVICE FEDERAL CREDIT UNION has about 17,684 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST SERVICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 MAIN STREET GROVEPORT, OH 43125-1198 |
| Phone: | (614) 836-0100 |
| Fax: | (614) 836-4578 |
| Website: | http://firstcu.com |
| Branches: | 5 branch locations |
| Members: | 17,684 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11170 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $189,404,675 |
| CEO/Manager: | Jack R Harper |
| Chairperson: | Jim Kozelek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,566,755 |
| TOTAL INVESTMENTS | 22,554,112 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 44,085,107 |
| Unsecured Loans | 8,750,832 |
| Other Loans | 76,697,482 |
| TOTAL LOANS | 129,533,421 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -678,377 |
| Land And Building | 5,452,131 |
| Other Fixed Assets | 376,593 |
| NCUSIF Deposit | 1,559,983 |
| All Other Assets | 6,040,057 |
| TOTAL ASSETS | 189,404,675 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 621 |
| Notes & Interest Payable | 1,172,027 |
| Accounts Payable & Other Liabilities | 1,801,451 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,233,462 |
| Regular shares | 87,521,276 |
| All Other Shares & Deposits | 49,101,337 |
| TOTAL SHARES & DEPOSITS | 170,856,075 |
| TOTAL LIABILITIES | 173,830,174 |
| Regular Reserve | 1,862,980 |
| Other Reserves | -40 |
| Undivided Earnings | 13,711,561 |
| TOTAL EQUITY | 15,574,501 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 189,404,675 |
| INCOME & EXPENSE | |
| Loan Income | 5,082,752 |
| Investment Income | 504,849 |
| Other Income | 1,504,140 |
| Total Employee Compensation & Benefits | 2,426,431 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,884,058 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 236,850 |
| Cost of Funds | 863,161 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 681,241 |
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